Richard T. Schumacher - Sep 14, 2021 Form 4 Insider Report for PRESSURE BIOSCIENCES INC (PBIO)

Role
President, CEO, Director
Signature
/s/ Richard T Schumacher
Stock symbol
PBIO
Transactions as of
Sep 14, 2021
Transactions value $
$58,250
Form type
4
Date filed
9/16/2021, 09:50 PM
Previous filing
Jun 1, 2021
Next filing
Nov 16, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PBIO SERIES AA CONVERTIBLE PREFERRED STOCK Purchase $58.3K +23.3 +264.77% $2,500.00* 32.1 Sep 14, 2021 COMMON STOCK 23.3K $2.50 Direct F1, F3
transaction PBIO COMMON STOCK WARRANT Purchase +23.3K 23.3K Sep 14, 2021 COMMON STOCK 23.3K $3.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series AA Convertible Preferred Stock converts into 1,000 shares of the Company's Common Stock at a conversion price of $2.50 per share.
F2 Each Warrant gives the investor the right to purchase the number of shares of Common Stock equal to 100% of the number of shares of Common Stock issuable upon conversion of the total number of Series AA Convertible Preferred Stock units purchased, at an exercise price of $3.50 per share.
F3 No expiration date for the Series AA preferred stock.